RMBS

Servicers are bracing for a challenging future where the way they redefine their risk-pricing measures will determine their ability to survive.

The 12 Federal Home Loan Banks (FHLBs) are joining together to boost their capital strength and hopefully stave off harsher measures the Obama administration is considering.

A proposed settlement between the five largest servicers and state and federal agencies was reportedly distributed to the largest banks and to select government officials.

Several prominent Republicans, including Sen. Richard Shelby, the Banking Committee's top Republican, sharply criticized a proposed settlement between the five largest servicers and state and federal agencies, arguing that the government authorities were trying to usurp Congress' role.

Banks could turn to covered bonds as a possible solution to balance sheet woes, industry sources said.

Lenders can and should take any number of steps to prevent class action law suits. But that still may not keep them from being sued, a team of regulatory attorneys warned at the Real Estate Service Providers Council's annual meeting in Las Vegas.

Although executives at Fannie Mae and Freddie Mac would love to see their dividend payments to the U.S. Treasury cut in half, it's unlikely that it will happen, according to a new report from Keefe, Bruyette & Woods (KBW).

House Republicans are set to send a letter today to Treasury Secretary Tim Geithner raising concerns about a proposed settlement deal between the five largest servicers and various state and federal enforcement agencies.

If banks were looking for a palatable trade-off in state and federal regulators' plan to revamp mortgage servicing practices, they didn't find it.

The Federal Deposit Insurance Corp. (FDIC) said it will not be looking at risk retention and qualified residential mortgage (QRM) provisions as part of its agenda for its March 15 board meeting.